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Sonal Phulambrikar posted an update in the group
4 months agoBiodegradable food service products
𝐑𝐢𝐬𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐁𝐚𝐤𝐞𝐫𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐨𝐟 #Baking 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬
➡𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐟𝐨𝐫 𝐏𝐃𝐅>> https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172589056
The global market for baking ingredients is experiencing significant growth driven by the increasing consumption of bakery products and confectionery.
#Bakery products have long served as staple food items, and their demand is rising due to the convenience they offer and consumer preference for appealing, flavorful, and textured treats.
These products are valued for their accessibility, affordability, and nutritional benefits, making them integral to many consumers’ lives. Consequently, there is a heightened demand for a variety of baking ingredients that enhance the taste and texture of these baked goods.
Among the baking ingredients, #baking powder and mixes constitute the largest segment. Baking powder, a dry chemical leavening agent, plays a crucial role in producing light and airy textures in baked goods.
The Asia Pacific (APAC) region is expected to witness the fastest growth in the baking ingredients market. While North American and European markets are mature, APAC presents substantial growth opportunities due to evolving consumer tastes and increasing disposable incomes.
𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐛𝐚𝐤𝐢𝐧𝐠 𝐢𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐦𝐚𝐫𝐤𝐞𝐭:
Cargill (U.S.),
Archer Daniels Midland Company (U.S.),
Associated British Foods plc (U.K.),
Koninklijke DSM N.V. (The Netherlands),
Kerry Group plc (Ireland),
AAK AB (Sweden)
linkedin.com
The Baking Ingredients Market is projected to grow from USD 16.6 billion in 2021 to USD 22.
